Happy new year, Canada:
This is the line at one of the food banks in Toronto, Ontario.
— Wall Street Silver (@WallStreetSilv) December 22, 2023
Canada now has a record 2 MILLION people a month eating at food banks.
Most of these people have jobs and can't afford the cost of living crisis in Canada.
Justin Trudeau needs to go. Canada used to be a wealthy… pic.twitter.com/pPWRuRkxCv
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With 2023 ending, a new poll suggests Canadian parents are growing more fearful about what lies ahead, as life becomes less affordable.
Their main sources of anxiety revolve around the housing crisis and trying to put food on the table, the results suggest.
An Ipsos poll commissioned by the charity Save the Children interviewed 1,000 Canadians between Dec. 8 and 13 about what they feel is the “biggest danger/risk” to children in Canada. It found 92 per cent of them are worried about the high cost of living and stubborn inflation, up seven per cent from last year.
According to the poll released Wednesday, the economic angst is making it difficult to remain optimistic. The majority of parents polled (89 per cent) are afraid for their children’s future. While most parents (63 per cent) say interest rates and inflation are keeping them up.
“Sleepless nights and intensifying worries are having an impact on the outlook of Canadians compared to last year,” said Save the Children in a statement.
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Canada is losing more and more residents to foreign countries. The latest data shows emigration rose 3% higher to 32,026 people in Q3 2023. That number is astronomical, and hard to appreciate just on its own. Over the past 73 years of data only three years have seen larger quarters—2016, 1967, and 1965.
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The finance department says in its monthly fiscal monitor that the deficit between April and October compared with a deficit of $0.2 billion during the same period last year.
Government revenues increased by $3 billion, or 1.2 per cent, a reflection of higher interest revenues and other non-tax revenues.
Program expenses excluding net actuarial losses were up $11.8 billion, or 5.4 per cent, from the same period a year earlier, as spending across all major categories rose.
Public debt charges were up $7.5 billion, or 38.1 per cent, largely due to higher interest rates but partly offset by lower consumer price index adjustments on real return bonds.
Net actuarial losses decreased by $1.3 billion, or 23.2 per cent, compared with the same period last year.
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The Canada Revenue Agency will spend more than a half billion chasing ineligible claimants for repayment of pandemic relief cheques, records show. Cabinet was warned in 2020 the Canada Emergency Response Benefit program was open to abuse: ‘There were only the flimsiest prepayment controls.’
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Critics say the foreign buyers ban, which was aimed at making housing affordable for Canadians, had many exemptions and was more of a political manoeuvre. They say it's clear housing remains out of reach for too many in Canada, and that the country should look to other places in the world to find strategies to foster home ownership.
Like staying out of people's wallets and not allowing ownership of anything by anyone who is not a Canadian citizen nor a resident.
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Remember - during the 2015 election, the middle-class, which Justin could not define, made up its mind and voted for a charmless and unaccomplished frat-boy:
Fewer than 31 per cent of Canadians are optimistic about the future of Canada’s middle class, according to the latest class identity survey by research firm Pollara Strategic Insights(opens in a new tab).
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